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Apr 23, 2013
04/13
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neil: faa has a higher budget this year than last year, i having said that, what is in it for them, if you think about. everything i think trickles down to the president good or bad. >> a few months they played the hand it was a disaster, they walked it back, they saw of it not a disaster we just slowing increase in spending. neil: your facts are dead obut these cuts would be rolled in this is latest more come ing on the travelling, you say it is a nightmare because there are fewer planes and stuff to the gill. >> yes, you have 4 airlines controlling 85% of domestic flights, people saying that airfares are not going up are crazy, they are going up, they have been rising it will be a very expensive summer to travel, and chuck schumer saying it will be like flying in a blizzard, these are the conditions, if he is talking about a blizzard because of the sequester cuts, what is going to happen to travelers, they will think twice about travelling, 1.7 million people jammed and the planes this summer maybe they will think twice about going, then what is the economic impact on that? it affect
neil: faa has a higher budget this year than last year, i having said that, what is in it for them, if you think about. everything i think trickles down to the president good or bad. >> a few months they played the hand it was a disaster, they walked it back, they saw of it not a disaster we just slowing increase in spending. neil: your facts are dead obut these cuts would be rolled in this is latest more come ing on the travelling, you say it is a nightmare because there are fewer planes...
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Apr 22, 2013
04/13
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this is not congress sending this to the faa and the faa having a choice. this is a considered move on the part of ray lahood to lead people love to make the system go down. it is the fa doing this intentionally. they want to make sure that we see a situation. if we don't raise taxes we will be in trouble. we don't have to do this. we did not have to leave these people often there is no financial reason for it. let's not make excuses. it is just plain bad management of the way around. gerri: and, of course, it to you. breaking news this afternoon about a lawsuit filed by the industry. the judge in that case did not grant an emergency stay to block furloughs. are you surprised? >> i am a little surprised. obviously a lot of legal opinions that says the faa can actually switch funds around to make this, but i do think it will take but the administration and congress to come together to solve this problem. the faa should delay the cuts that congress should clear up the authority to switch around of funds. it will take both bodies to prioritize this is a proble
this is not congress sending this to the faa and the faa having a choice. this is a considered move on the part of ray lahood to lead people love to make the system go down. it is the fa doing this intentionally. they want to make sure that we see a situation. if we don't raise taxes we will be in trouble. we don't have to do this. we did not have to leave these people often there is no financial reason for it. let's not make excuses. it is just plain bad management of the way around. gerri:...
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Apr 23, 2013
04/13
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the faa is in some ways caught between a rock and our place. let's see. i think they're making the kind of management decisions that will have modest, if any, affect on the traffic system. melissa: we will see. thank you for coming on. >> of come back if it does not work out that way. [laughter] melissa: okay. you're a brave man. i like that. time to check the fuel gauge report. halliburton says this is setting aside an additional $1 billion to pay private claims from the 2010 deep water horizon rig explosion. in an earnings policy the company said the increased reserve caused a first quarter loss of $18 million. $0.2 per share compared with a profit of 627 million or $0.68 per share from a year ago. the good news on gas price, the average price of a gallon of regular has dropped $0.11 in the past few weeks. experts say the prices could go down another $0.20 in the next two months. that is the exact opposite of what we were used to seeing as prices generally go up at this time of year. good news. the cheaper gas could hit. toyota says sales of the previou
the faa is in some ways caught between a rock and our place. let's see. i think they're making the kind of management decisions that will have modest, if any, affect on the traffic system. melissa: we will see. thank you for coming on. >> of come back if it does not work out that way. [laughter] melissa: okay. you're a brave man. i like that. time to check the fuel gauge report. halliburton says this is setting aside an additional $1 billion to pay private claims from the 2010 deep water...
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Apr 24, 2013
04/13
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with respect to the faa contrac@ control towers, what the faa did, they sat down with the department of homeland security and the pentagon with the stake holders to help them prepare for it. did did not happen here with respect to the air traffic control furloughs. it's clear if we're going to learn about the cuts via white house press release, and that is simply unacceptable. we should be managed better. p >> to your point, other agencies have discretion; right? have they not asked -- they probably would have received the same. they spent 500 million on consultants, maybe necessary, but we could have probably found other ways to do this. just go to the cafeteria for the day. >> a 4% cut, talking about, what, 40% of flights delayed. what's more troubling is when the directer was confronted about how about deferring some of these expenditures for long term projects and releasing the funds for immediate or short term needs like making sure that we have aircraft controllers available to help with the immediate issue, he didn't have an answer and didn't respond, and, again, when confront
with respect to the faa contrac@ control towers, what the faa did, they sat down with the department of homeland security and the pentagon with the stake holders to help them prepare for it. did did not happen here with respect to the air traffic control furloughs. it's clear if we're going to learn about the cuts via white house press release, and that is simply unacceptable. we should be managed better. p >> to your point, other agencies have discretion; right? have they not asked --...
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Apr 22, 2013
04/13
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on whether or not the faa and government have a choice. >> we believe the faa has the discretion not to furlough the air traffic controllers, historically have never, ever in any situation been furloughs before because the frontline safety professionals keep the planes in the air, get them to the ground and keep travelers moving, keep shipping moving and that is critical to our economy, does not have to be this way. >> we believe the way their plan is constructed is going to maximize the disruption assuming it rules out and disruptions occurred. not a good situation. rich: the obama administration says the altar of the faa staff is personnel workers, the only way to comply with the numbers of these automatic but it cuts is you have to furlough air traffic controllers. back to you. liz: that to me seems everybody is overblown mess. what do you think? rich: it depends on where you go. when i started with a flight control system where there are no delays. differentiating if this is delayed because of weather or if jfk they are doing tarmac work or the wind at laguardia. the number of di
on whether or not the faa and government have a choice. >> we believe the faa has the discretion not to furlough the air traffic controllers, historically have never, ever in any situation been furloughs before because the frontline safety professionals keep the planes in the air, get them to the ground and keep travelers moving, keep shipping moving and that is critical to our economy, does not have to be this way. >> we believe the way their plan is constructed is going to...
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Apr 24, 2013
04/13
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neil: a republican senator and a democratic senator have the same question for the faa, if our budget is bigger, why are the delays getting longer, they want to know if you cut, why controllers and towers at the top of the list. not ought of the other stuff under -- not all other stuff under. senator, quickly garnering a lot of support for what he is calls protect our skies act. you want to know, look, we understand the sequestration cuts but we question why these cuts? >> absolutely. no business person would make the choice to cut things that effect their customers the most. why does government make that decision unless there is some motivation to get the consequences to be as dramatic and difficult as possible. neil: they say they have no choice. i don't know who is telling trulgingtruth, i have looked in, they say with these cuts they are almost preordained, these are cuts to some everyone agreed. i don't remember talking to a losalot of your colleagues at te time that sequestration would include automatically air traffic controllers, maybe i missed something? >> absolutely not the
neil: a republican senator and a democratic senator have the same question for the faa, if our budget is bigger, why are the delays getting longer, they want to know if you cut, why controllers and towers at the top of the list. not ought of the other stuff under -- not all other stuff under. senator, quickly garnering a lot of support for what he is calls protect our skies act. you want to know, look, we understand the sequestration cuts but we question why these cuts? >> absolutely. no...
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Apr 19, 2013
04/13
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of air traffic controllerring told to stay home, control tower closed because of sequestration and faa chief said expect delays if you are flying this weekend. investors and markets try to work through the massive news flow, we watch every move, count down to the closing bell starts right now. liz: good afternoon i am liz claman, we want to get you latest and effort that led to what happening right now in boston bombing investigation. these two brothers now identified as marathon bombing suspects were living in cambridge, they are of chechen decent, under massive pressure after photos revealed yesterday, by fbi, killed an m.i.t. campus officer, then carjacked a mercedes suv overnight, police in hot pursuit chased them to watewatertown, a deafening gunft overnight ensued. shattering a neighborhood, listen to this. [ sound of gunfire ] dogs barking neighbors running people cowering in homes one of suspects 26-year-old tamerlan tsarnaev was killed his brother dzhokhar still on the loose, we'll keep up a split screen or depending on what is happening a big/little. we'll break in with any n
of air traffic controllerring told to stay home, control tower closed because of sequestration and faa chief said expect delays if you are flying this weekend. investors and markets try to work through the massive news flow, we watch every move, count down to the closing bell starts right now. liz: good afternoon i am liz claman, we want to get you latest and effort that led to what happening right now in boston bombing investigation. these two brothers now identified as marathon bombing...
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Apr 24, 2013
04/13
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the faa and administration says the law does not give them that authority. so they're continuing to go around on that point and may take congress to change the law to get any movement here on this what the top democrat in the senate is proposing is using what is known as overseas contingency operation money, oco money, basically money we're not going to spend in iraq and afghanistan from winding wars down there. republicans call it a budget trick. the white house is endorsing it. >> these are real policy choices that produce savings. we believe that senator reid's proposal is a good one in that it would temporarily delay the sequester and all the negative effects that we're talking about now to air travelers and families and seniors. >> whether oco is the mother of all gimmicks or just a glaring one, everybody other than the majority leader evidently agrees on one thing it is the height, the height of fiscal irresponsibility. >> other democrats are suggesting closing what is known as the corporate jet tax loophole to pay for the air traffic controllers. ther
the faa and administration says the law does not give them that authority. so they're continuing to go around on that point and may take congress to change the law to get any movement here on this what the top democrat in the senate is proposing is using what is known as overseas contingency operation money, oco money, basically money we're not going to spend in iraq and afghanistan from winding wars down there. republicans call it a budget trick. the white house is endorsing it. >> these...
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Apr 24, 2013
04/13
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the budget cuts, republicans say the faa should find somewhere else to cut the $16 billion budge. democrats say they can't do that. the way the law is designed does not give flexibility to do that so they propose a bill that would use up used war funding to replace all of the automatic budget cuts. it's called a budget trick so there's not much coming from capitol hill that's going to solve this any time soon. right now, the faa's administrator is testifying before capitol hill committee, and there's an argument whether or not the administration has structured these cuts to maximize delays. >> this imperial attitude on the part of the administration and you're the most recent of the imperialism is discussing. >> hardest thing to do is reduce these hours, but in order to hit the target, we need to hit, we don't have any choice. >> there's more than just cuts to the faa, and a short while ago saying there's frustration in the economic effects of the flight delays, but sequestering could cost the country and human kind a cure for aids, parkinson's or cancer referring to cuts in resea
the budget cuts, republicans say the faa should find somewhere else to cut the $16 billion budge. democrats say they can't do that. the way the law is designed does not give flexibility to do that so they propose a bill that would use up used war funding to replace all of the automatic budget cuts. it's called a budget trick so there's not much coming from capitol hill that's going to solve this any time soon. right now, the faa's administrator is testifying before capitol hill committee, and...
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Apr 24, 2013
04/13
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on yesterday or the day before the said we have known since september these cuts were coming and the faa didn't put thei hand until the last minute to say this would cause major problems. from what i have seen and you have better data than i do. the delays seem to be diminishing. monday, 1200. tuesday 1,000. what is really going on here? if it is possible, and again this is what we are hearing, that maybe some of this is self-inflicted, just a slowdown if you will. >> i have great esteem and regard for air traffic controllers. they do a very great job in difficult situations. it can be weather-related at times, different parts of the country obviously have more delays, but my problem is with the faa a not really addressing this issue. they didn't talk to the airline until last tuesday to tell what was going to happen as far as the furloughs for air traffic controllers. they gave the airlines no opportunity to adjust their schedules, and what that cause is the flying public to be really put in a situation where it is very disruptive. gerri: the democrats are blaming you guys, democrats ar
on yesterday or the day before the said we have known since september these cuts were coming and the faa didn't put thei hand until the last minute to say this would cause major problems. from what i have seen and you have better data than i do. the delays seem to be diminishing. monday, 1200. tuesday 1,000. what is really going on here? if it is possible, and again this is what we are hearing, that maybe some of this is self-inflicted, just a slowdown if you will. >> i have great esteem...
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Apr 24, 2013
04/13
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lou: the faa says staffing reductions from sequester related furloughs are to blame for the more than 1,000 flight delays yesterday. interestingly, few washington d.c. area airports are experiencing any delays allow. senator ted crews, republican of texas now said he wants the path the citizenship taken off the table for immigration reform. in an interview with cbs a senator crews suggested the reason president obama and the democrats are insisting on a path the citizenship in the gang of a pill is that they know that it will scuttle the effort altogether and that they will be able to campaign on the issue again in 2014 and 2016. our first guest says before we hurry to overhaul our immigration laws we must methodically look at each of the components that need to be fixed to that end, the house judiciary committee will unveil two measures this week aimed at creating a new temporary agricultural guest worker program and a measure that requires all employers to use e-rarefy. joining us now, house judiciary committee chairman, congressman bob good lot of virginia. good to have you with us
lou: the faa says staffing reductions from sequester related furloughs are to blame for the more than 1,000 flight delays yesterday. interestingly, few washington d.c. area airports are experiencing any delays allow. senator ted crews, republican of texas now said he wants the path the citizenship taken off the table for immigration reform. in an interview with cbs a senator crews suggested the reason president obama and the democrats are insisting on a path the citizenship in the gang of a...
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Apr 22, 2013
04/13
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faa is saying there are delays basically close to coast. as far as specifics are concerned they could not provide us with any ties of numbers. that has a number about folks, especially republicans in congress say this is entirely structured by the faa to inflict what they say is maximum pain on airline travelers. this is comment about bill shoeser, the chairman of the transportation and infrastructure committee. he said disregard for the american public is indicative that the admin strution -- administration views the sequester as a attempt to score political points rather than address issues and than find real savings in a bloated federal brock bureaucracy. the way they arranged the law, they have few other options. >> the faa unlike other agencies is personnel heavy. in the end you can not avoid, when 70% of your operating budget is personnel you can not avoid when the cuts are deep as they are in the sequester the kind of actions that are taken, these furloughs. that is the unfortunate fact of arbitrary across-the-board cuts like this. >
faa is saying there are delays basically close to coast. as far as specifics are concerned they could not provide us with any ties of numbers. that has a number about folks, especially republicans in congress say this is entirely structured by the faa to inflict what they say is maximum pain on airline travelers. this is comment about bill shoeser, the chairman of the transportation and infrastructure committee. he said disregard for the american public is indicative that the admin strution --...
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Apr 22, 2013
04/13
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there is real question as to whether or not the faa actually has a choice. >> the faa unlike other agencies is personnel heavy and, in the end you can not avoid, when 70% of your budget of your operating budget is personnel, you can not avoid when the cuts are as deep as they are in the sequester the kind of actions that are taken, these furloughs. that is an unfortunate fact of arbitrary, across-the-board cuts like this. >> the faa is playing politics and something they do very well because they can rely on their constituent groups, airlines and airport operators to run to congress in an attempt to put pressure on them to throw more money at the problem. >> so we have about a dozen flight delays here out of national airport, many of them going into new york area airports. it is tough to differentiate whether it is a problem with air traffic control or flying system you will get delays. you can't go into this assuming before sequestration and furloughs there were no delays at any airport. trying to figure out what the exact impact is rather difficult. however the airline industry said is co
there is real question as to whether or not the faa actually has a choice. >> the faa unlike other agencies is personnel heavy and, in the end you can not avoid, when 70% of your budget of your operating budget is personnel, you can not avoid when the cuts are as deep as they are in the sequester the kind of actions that are taken, these furloughs. that is an unfortunate fact of arbitrary, across-the-board cuts like this. >> the faa is playing politics and something they do very...
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Apr 23, 2013
04/13
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the faa had people on air traffic controllers. did you know the faa will spend $500 million on consultants this year? 325 million on supplies and travel? 470 million on grants. to make communities more livable and stable. why not divert some of it to air traffic controllers so we can avoid delays. you can't do that, the president doesn't have the flexibility to shift spending away from services. now, the cuts must be across the board. so why did president obama threatened to veto a republican bill that specifically gave him flexibility? why did he reject the opportunity to emplo and void inflicting pain? he wants air travelers to blame republicans. as you sit on the tarmac, you're being urged to write to congress. administration is using the heavily regulated airlines to channel your anger. it hurts them, so blame the republicans, not me. i don't think it is going to work. we can see through this ploy and don't we deserve better management than this? i'm going to try to remember the last time a president deliberately hurt the pres
the faa had people on air traffic controllers. did you know the faa will spend $500 million on consultants this year? 325 million on supplies and travel? 470 million on grants. to make communities more livable and stable. why not divert some of it to air traffic controllers so we can avoid delays. you can't do that, the president doesn't have the flexibility to shift spending away from services. now, the cuts must be across the board. so why did president obama threatened to veto a republican...
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Apr 19, 2013
04/13
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faa warns of thousands of flight delays, will you change your travel plans? drivers take the trains instead? log on to facebook.co facebook.com/afterthebell. we'll read your responses later this hour. please don't move. we're right here for you. ♪ [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it just common sense. from td ameritrade. david: it was down week but up day at least toward the end of the day. s&p futures are closing. head to scott bauer at the pits of the the cme. what does it look like for monday, scott? >> now that volatility settled in, i think we'll have more volatility coming into the market next week. really monday and tuesday, we get existing home sales and new home sales. i think those will be two key economic reports among
faa warns of thousands of flight delays, will you change your travel plans? drivers take the trains instead? log on to facebook.co facebook.com/afterthebell. we'll read your responses later this hour. please don't move. we're right here for you. ♪ [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on...
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Apr 23, 2013
04/13
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and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press conference and the president giving the address on the disappointment of the gun control agenda half an ho later. ho later. just asking. [ lorenzo ] i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. [ male announcer ] a car that can actually see like e a hum, using ste
and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press...
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Apr 22, 2013
04/13
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dennis: the faa. melissa and lori investigate the agency backpedals on the so cluster cuts that are supposedly delaying flights. cheryl: sending his root growth. bernanke missing the big jackson hall meeting. that is coming up next. you are watching markets now. ♪ g. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to seah hundreds of cards and apply online. creditcards.com.
dennis: the faa. melissa and lori investigate the agency backpedals on the so cluster cuts that are supposedly delaying flights. cheryl: sending his root growth. bernanke missing the big jackson hall meeting. that is coming up next. you are watching markets now. ♪ g. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to seah hundreds of cards and apply online. creditcards.com.
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Apr 22, 2013
04/13
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and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press conference and the president giving the address on the disappointment of the gun control agenda half an hour later. just asking. we will be right back... and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. would absolutely not have taken a zip line in the jungle. i'm really gd that girl stayed at home. vo: expea helps 30 million travelers a month find what they're looking for. one traveler at a time
and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press...
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Apr 18, 2013
04/13
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>> the faa will not get egg on their face again. they'll look at every t, every i, every period on these documents to make sure it gets in the sky. they approved it, up approved it, and they will not get in that situation again. dagen: what do you think it could happen? based on the air carriers themselves that already own the jets, they were anticipating next month. what do you think the faa will give them the go ahead to fly the babies again? >> well, united's already planning to have it in service may 31, looking at mid-may at the latest. right now, it's a paperwork chase, a fix found, and now looking to get it into place, update, and make sure it works. dagen: criticism of the faa, however, of relying too heavily on boeing, the company employees there for the testing of the fix. what position, how flood watch informed are the people at the faa about what's going on? is the agency keeping up with these technological advancements in aviation? >> well, you know, they can't keep up with all the various nuances and details of every n
>> the faa will not get egg on their face again. they'll look at every t, every i, every period on these documents to make sure it gets in the sky. they approved it, up approved it, and they will not get in that situation again. dagen: what do you think it could happen? based on the air carriers themselves that already own the jets, they were anticipating next month. what do you think the faa will give them the go ahead to fly the babies again? >> well, united's already planning to...
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Apr 19, 2013
04/13
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the faa has discretion to implement cuts without furloughing air traffic controllers. like customs department, tsa, they have not acted to minimize potential impacts. airlines are not happy about this at all. they mentioned the tsa. the tsa line, there the tsa will not furlough anybody. they come up with anybody for that to minimize the i am packs. they're disappointed airlines, are the administration is doing that. secretary lahood says we have to save money somehow. i leave you with airline stocks. it has been a great year. hope that doesn't get blown up by all of this. i'm going on vacation on sunday. that is when the furloughs are starting to kick in. i will be reporting angrily from the airport if you see me on monday, i'm not going to be happy. tracy:. tracy: ashley will be back on monday. you know how he gets when he talks about airlines and airline experiences. between the two of you will be good tv. jeff flock. >> thanks, trace. tracy: quarter past the hour. we have to get a check on these markets. as we do, lauren simonetti on the floor the exchange. we're lo
the faa has discretion to implement cuts without furloughing air traffic controllers. like customs department, tsa, they have not acted to minimize potential impacts. airlines are not happy about this at all. they mentioned the tsa. the tsa line, there the tsa will not furlough anybody. they come up with anybody for that to minimize the i am packs. they're disappointed airlines, are the administration is doing that. secretary lahood says we have to save money somehow. i leave you with airline...
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Apr 16, 2013
04/13
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faa says they completed all tests and analysis of the redesigned 787 batteries. they hoped to get the commercial fleet back in the air this month. that seems to be, if accurate, seems to be a step in the right direction. >> we'll see. breaking news now in oil, closing up one penny at $88.72 a barrel. today's slight gain snaps a three day slide for oil. >> gold rebounds from the biggest one-day drop in more than three decades. is now the time to get in or get out? we got the answer. >> as we do every day at this time of the day, look at the 10- and 30-year treasuries as we head to break. we'll be right back. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i
faa says they completed all tests and analysis of the redesigned 787 batteries. they hoped to get the commercial fleet back in the air this month. that seems to be, if accurate, seems to be a step in the right direction. >> we'll see. breaking news now in oil, closing up one penny at $88.72 a barrel. today's slight gain snaps a three day slide for oil. >> gold rebounds from the biggest one-day drop in more than three decades. is now the time to get in or get out? we got the answer....
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Apr 23, 2013
04/13
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ashley: outrage over faa furloughs and flight deys. lawmakers demanding answers from the white house. but those delays not stopping airline stocks from soaring. they're in the green today. we'll have all of that straight ahead. tracy: everyone is talking apple expected to report its first quarterly profit drop in 10 years. can apple do anything to stop the slide? we'll have a preview coming up. ashley: first at to the top of the hour, stocks back on track after a steep drop last hour. nicole petallides on the floor of the new york stock exchange. sandra smith is in the pits of the consider me. let's begin with nicole. i guess it as hacker flash crash of sorts, nicole. >> that is good way to call it. this is moment, whew, its all done. we made it through. look where market averages are. they are virtually where they were moments before we saw the market move into negative territory. the dow industrials up 130 points, a gain of 1%. like s&p 500, tech-heavy nasdaq best of the bunch. continuing trend we've seen three days in a row with up
ashley: outrage over faa furloughs and flight deys. lawmakers demanding answers from the white house. but those delays not stopping airline stocks from soaring. they're in the green today. we'll have all of that straight ahead. tracy: everyone is talking apple expected to report its first quarterly profit drop in 10 years. can apple do anything to stop the slide? we'll have a preview coming up. ashley: first at to the top of the hour, stocks back on track after a steep drop last hour. nicole...
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Apr 19, 2013
04/13
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the faa, the federal aviation administration issued a temporary file restriction over a section of the boston area to provide a safer environment for law enforcement activities. logan airport remains open under heightened security. most flights departing and arriving on schedule. greyhound bus service has been suspended. dagen: thank you so much. it is not just boston. this will be felt in the northeast. thank you so much. connell: a briefing any moment from local authorities. you will see it live. you will keep you up-to-date as we have been on what is happening in the markets throughout the day. mike baker joins us on the telephone right now. former cia covert operations officer and president these days of his own intelligence firm that he is a part of. one suspected terrorists has been killed. another is still at large just outside of the big american city. what stands out to you? >> well, i mean, so much for disgruntled tax filers irresponsible for your will attack. you know, this opens a single to all sorts of investigations. right now obviously there is a major effort not just ri
the faa, the federal aviation administration issued a temporary file restriction over a section of the boston area to provide a safer environment for law enforcement activities. logan airport remains open under heightened security. most flights departing and arriving on schedule. greyhound bus service has been suspended. dagen: thank you so much. it is not just boston. this will be felt in the northeast. thank you so much. connell: a briefing any moment from local authorities. you will see it...